Lufthansa Expects Demand to Rise But Cash Drain Continues 
 

Lufthansa said it doesn't expect capacity to rise beyond 50% of 2019's levels this year and expected continued cash outflow of around EUR300 a month in the first quarter, after the airline reported an adjusted annual loss of EUR5.45 billion.

 
Thales Outlook Still Clouded as Profits, Sales Fall 
 

Thales reported a 35% drop in 2020 underlying earnings to EUR1.35 billion on a sharp fall in sales and said short-term uncertainty could delay the air traffic recovery and affect its corporate investment plans.

 
Aviva Reports Lower Profits, Italy Exit 
 

Aviva reported a modest drop in operating profit for 2020 to $3.16 billion and said it expects to make substantial returns to shareholders after a number of disposals, including its Italian assets.

 
Okta to Acquire Customer-Authentication Provider for $6.5 Billion 
 

The deal for Auth0 would help expand the company's focus beyond its workplace-based identity software.

 
Disney Closing at Least 60 Stores in North America 
 

The company said it will focus more on e-commerce while reducing the number of brick-and-mortar locations it operates.

 
Amazon in Talks to Carry Many NFL Games Exclusively on Prime Video 
 

TV networks also are expected to pay nearly twice as much for new rights to Sunday and Monday games.

 
Jeep-Owner Stellantis Is Open to Dropping Cherokee Name 
 

CEO Carlos Tavares said the auto company is holding talks with the Cherokee Nation over use of the Native American tribe's name in Jeep's line of vehicles.

 
Coinbase Transactions Under Review by U.S. Sanctions Enforcer 
 

The largest U.S.-based cryptocurrency exchange in a regulatory filing said it has submitted disclosures to or responded to administrative subpoenas from the U.S. Treasury Department's Office of Foreign Assets Control.

 
Hertz Stock Nosedives as Bankruptcy-Exit Plan Threatens to Wipe Out Holders 
 

Shareholders receive no compensation under the car-rental company's restructuring proposal.

 
Parler Files New Lawsuit Against Amazon 
 

The social-media platform popular among conservatives and other right-wing users is continuing its dispute with the tech giant, which cut services to Parler after the Jan. 6 Capitol riot.

(END) Dow Jones Newswires

March 04, 2021 03:15 ET (08:15 GMT)

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